TVC:DXY chart mapping/analysis. Bullish inverse H&S identified on lower timeframe charts, pending breakout confirmation. Trading scenarios into EOY: Inverse H&S breakout = extrapolated move into 23.6% Fib / ~106 horizontal line (yellow dashed) / upper range of descending parallel channel (light blue) confluence zone. Breakout failure = re-test 50% Fib aka...
This is a great looking chart of the DXY on a weekly time frame. We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level. This is looking very Bullish for Bitcion and the Total Crypto Market Cap. Also notice what happened after the last Bearish engulfing candles in October and November. This is great to see,...
Here I present my technical Analysis For US Dollar Index which according to the Dow theory we are on a clear down trend.
Weekly: The PA has been rejected from the weekly breaker block-CE & M-BB C.E. W-IFVG has become the support. So we can anticipate that price could go upward at least towards the w-BB C.E. Weekly Bias: Bulish Daily: Daily the price has been closed above weekly FVG, so it may acting support. As there is D-SSL 104.557 which is aligned with W-SIBI-CE. As the...
While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...
In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial...
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and Corrective Waves " ab " at Daily Demand Zone or Fibonacci Level - 61.80%. It has completed the Retracement for Break of Structure. Bullish Channel in Short Time Frame Entry Precaution : Wait until Resistance React as Support
While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of...
103.100 Looks a Sweet target for NFP. Disclaimer - I don't Promote trading NFP
Weekly: Price has been Get rejected from the Bullish W-FVG & W-BSL, & M&W-BB-MinTh. As the price is respecting 4 weekly Pdarrays. So we can predict that in the up coming week the price movement will be upward towards the unmitigated W-FVG. Weekly Bias: Bullish Daily: As the bellow W-iFVG working as a support, So we can predict that in the upcoming week the...
High speculation on upside, idea are 2, not quite fan on below, remember the fed not yet full blown the 2% inflation target, expect 1st Q of the year would be another rate hikes. Skip what they are saying they will not tell it until its done. This is only view on dollar index. Wether we go higher next year or we go lower or they just wait for the US elections to...
✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month . 💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do...
DXY - DISCOUNT VS USD? In my opinnion, this is just a discount for a possibilty tu long again AUD,EUR, etc..vs USD.
HELLO TRADERS!!! As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders...
USD 3 Scenarios for this week and next one - Scenario #1: where price will just start to move to the downside as we are now at the 78.6% fibo retracment. - scenario #2: where price might move to the upside first to liquidate the last LH before moving to the downside (IF ANY) - Scenario #3: where price will go to the upside first to retest the 105 level as...
🏃♂️The DXY index has been moving in a Descending channel for a month . 🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 💡I...
TVC:DXY regains the smile and advances to multi-day highs past 103.70 on Monday. If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37. In the meantime, above the key 200-day SMA, the outlook for the index is expected to...
AS DXY is Longer Term Bearish, and we have a Breaker Formation Inside a NDOG, And we have a SIBI In Front, As an OB aswell, And we have Sellside Resting, Makes sense to me that it wanna Run those Lows.